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YG Entertainment CEO Yang Hyun Suk recently discussed the speculations that surrounded the fact that he had unfollowed 2NE1's Park Bom and Big Bang's Seungri on Instagram. Many netizens speculated how Yang Hyun Suk unfollowed Seungri due to the Big Bang member's contract coming to an end soon, as well as the good chance he may not be re-signing with the label.

A few other sources stated that the CEO was not on good terms with either Seungri or Park Bom, which hinted at the fact that both idol stars might not be a part of the YG Family in the long run.

Yang Hyun Suk has now stepped forward to claim that those rumors were all false. He announced on April 16th, "To be honest, I'm from the analog era, so I may only use an SNS like Instagram once or twice a year. Recently, I went on to make a post to congratulate Jinusean on their long-awaited comeback, and I took measures to follow the people who are using SNS a lot lately."

He continued on to add, "The people I originally followed on Instagram were Big Bang's G-Dragon,Taeyang, Seungri, and 2NE1's CL, Park Bom, and Dara. Just 6 people, who I followed when I first started Instagram. In Park Bom's case, she doesn't really use Instagram these days, so I stopped following her. G-Dragon as well as Taeyang use it often so I left their accounts."

In regards to the future of Big Bang, Yang Hyun Suk said, "Big Bang's new song will be out soon, so why would I unfollow Seungri for any particular reason? I have no problem with either Seungri or Park Bom. I didn't know that who I follow on Instagram would be such a big deal."